$TON Graphic analysis!
An interesting movement is brewing.


At the request of a follower, today we are going to analyze the TON cryptocurrency.

There are several things to note: On the weekly chart, we are coming from an accumulation process that gave us its bullish path in a forceful way.

We are currently completing a setback and opening the possibility of a new impulse.

Seen on the weekly chart, the price must close the week above 5.38 USDT to be above 0.78 of the current pattern. Fortunately, the price fell to the origin of the impulse in previous weeks, mitigating pending liquidity.
This favors our bullish bias, for the moment.

On the daily chart we see how the price, after finding liquidity at 0.38 (5.06) when closing a period and giving bullish confirmation (a positive following candle), went to 5.26 (0.5 fibo) where it closed the period and we expect bullish continuation.

Possible scenarios:

1. If the price is rejected at 5.26, it can seek liquidity again at 5.06usdt

2. If it manages to confirm in a bullish way, we have a daily target at 5.60 and a weekly bullish target at 7.63.

Our current operating point is the 5.20/26 area from there we can join the movement.

As always, we wait for the closing of the 4-hour and daily periods to have confirmation, I do not recommend "anticipating" the price, better to let it develop and have an action plan by then.

Opinion: I remain bullish, I expect a positive reaction, I see little chance of further corrections. But that's my opinion.

Crypto Citizen says goodbye! If the analysis was useful to you, let me know in the comments and, if you would like me to analyze any coin, you can also ask me.

I wish you great profits!